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People’s Bank Of China To Regulate FinTech

PYMNTS

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

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AI Healthcare Mkt Projected To Reach $36B By 2025

PYMNTS

Artificial intelligence (AI) in the healthcare market is expected to grow to $36.1 The “Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography — Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2

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Building Vendor Trust With Virtual Cards

PYMNTS

construction market is on a roll, and recent data suggests it is unlikely to slow. The market is on track to record a compound annual growth rate (CAGR) of 4.9 Construction firms looking to succeed in this growing market and turn a profit must complete their projects on time, which means access to steady cash flows is crucial.

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Wholesale Change In Invoicing And Payables

PYMNTS

Better efficiencies drive better cash flow management, and better cash flow management is a function of better handling of invoices coming in for payment and going out to be paid. Another firm, Phoenix Fire, which focuses on building business partnerships, helped cement the relationship between ADS and Basware.

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Alphabet-Backed Healthcare Startup, One Medical, To IPO

PYMNTS

One Medical , a conglomerate of technology-driven primary care offices backed by Google’s Alphabet , has filed an initial public offering (IPO), One Medical announced on Friday (Jan. One Medical is backed by technology and management firm 1Life Healthcare and will trade under the symbol “ONEM.”

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

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4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. The stock market tanked, interest rates spiked and many thousands of people lost their jobs. Time to market. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Scott Zoldi.